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Microsoft Dynamics GP (Great Plains) and CRM Implementations with Ryan McBee of iSolutions Partners Microsoft Dynamics GP (Great Plains), Management Reporter, eConnect, SQL Server 2016, Reporting Services February 2011 Entries
Updated Payroll Tax Liability Formula for Dynamics GP
Prior to the latest Payroll Update for Great Plains, you could do an audit check of the Payroll Tax Liability GP calculation by simply taking Federal Tax Witholding + Fica Medicare Withholding times 2 + Fica SSN times 2. As you probably know by now, the Employers portion of FICA is 6.2% and the Employers portion has been reduced to 4.2%. However, I have had a number of clients contact me and say this formula is no longer applicable and have asked for a revised formula. The new formula is described ......

Posted On Friday, February 18, 2011 1:48 PM

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